Gruh Finance Share Price Goes All Green

On 26th August Gruh Finance share price was trading at a hike of nearly 9% at Rs. 344.00. The stock settled at Rs. 346.06 for the day, quite close to its first resistance level. The stock touched the day’s high and low at Rs. 350.00 and Rs. 315.00.

Gruh Finance Limited (GRUH) an India-based housing finance company provides home loans to individuals, and families for purchase, construction and extension. The Company functions through Housing Finance Business segment. GRUH also gives loans for repair and renovation of houses and home loans to families in the self-employed category.

Gruh Finance share price was quoting at its 52 week high value at Rs. 350.40. The stock saw a spurt in volume by more than 9.51 times.

The home loan finance experts, Gruh Finance, disclosed a standalone net profit of Rs 60.18 crore for the June 30th 2016 quarter end reduced by 31.47 % Q-o-Q but raised to19.62 % Y-o-Y. The net interest income of the company is seen at Rs 126.02 crore got reducedby 18.92 % qoq and on the other hand increased by 18.26 % Y-o-Y. Also, Standalone EPS for the quarter is recorded at Rs 1.65. The profits earned by Gruh Finance fell by 31.47%, Q-o-Q solely owing to the reduction in revenue from operations.

Dynamic Levels have identified Gruh Finance as top 500 performing stocks for this quarter out of the 1700 stocks listed on NSE. The current market cap of the company amounts to Rs. 11498.26 (Cr). The NSE listed stock has a book value of Rs. 22.97 and touched a 52 week low of Rs. 226.05 on 1st Sept ’15.

For further information relating to the closest support and resistance level, refer to Gruh Finance share price history.

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